STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics reported the results of its common share repurchase program for the period from August 23 to 27, 2021. The company repurchased a total of 158,752 ordinary shares, representing 0.02% of its issued capital, at a weighted average price of EUR 36.6684, totaling approximately EUR 5,821,186.99. Following these transactions, STMicroelectronics holds 8,593,227 treasury shares, about 0.9% of its issued share capital. The buyback aims to enhance shareholder value and optimize capital structure.

Positive

• Repurchased 158,752 shares, enhancing shareholder value.
• Total treasury shares post-buyback stands at 8,593,227, representing 0.9% of issued capital.

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• None.

  

PR N°C3029C

STMicroelectronics Announces Status of Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Aug 23, 2021 to Aug 27, 2021

AMSTERDAM – August 30, 2021 -- STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the “Program”) disclosed via a press release dated July 1, 2021. The Program was approved by a shareholder resolution dated May 27, 2021 and by the supervisory board.

STMicroelectronics N.V. (registered with the trade register under number 33194537) (LEI: 213800Z8NOHIKRI42W10) (Ticker: “STM”) announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between Aug 23, 2021 to Aug 27, 2021 (the “Period”), of 158,752 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 36.6684 and for an overall price of EUR 5,821,186.99.

Below is a summary of the repurchase transactions made in the course of the Period in relation to the ordinary shares of STM (ISIN: NL0000226223), in detailed form.

Transactions in Period

Dates of transaction	Number of share purchased	Weighted average purchase price per share (EUR)	Total amount paid (EUR)	Market on which the shares were bought (MIC code)
23-Aug-21	29,000	36.5133	1,058,885.70	XPAR
24-Aug-21	30,000	36.6726	1,100,178.00	XPAR
25-Aug-21	34,000	36.6811	1,247,157.40	XPAR
26-Aug-21	34,000	36.5745	1,243,533.00	XPAR
27-Aug-21	31,752	36.8932	1,171,432.89	XPAR
Total for Period	158,752	36.6684	5,821,186.99

Following the share buybacks detailed above, the Company holds in total 8,593,227 treasury shares, which represents approximately 0.9% of the Company’s issued share capital.

In accordance with Article 5(1)(b) of Regulation (EU) 596/2014 (the Market Abuse Regulation) and Article 2(3) of Commission Delegated Regulation (EU) 2016/1052, a full breakdown of the individual trades in the Program are disclosed on the ST website (https://investors.st.com/buyback-program).

About STMicroelectronics
At ST, we are 46,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An independent device manufacturer, we work with more than 100,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of the Internet of Things and 5G technology. Further information can be found at www.st.com.

For further information, please contact:
INVESTOR RELATIONS:
Céline Berthier
Group VP, Investor Relations
Tel : +41.22.929.58.12
celine.berthier@st.com

MEDIA RELATIONS:
Alexis Breton        
Corporate External Communications
Tel: + 33.6.59.16.79.08
alexis.breton@st.com

Attachment

• C3029C - ST -- Disclosure of transactions in Own Shares PR -- 30 Aug 2021

FAQ

What was the total amount of shares STMicroelectronics bought back in August 2021?

STMicroelectronics bought back a total of 158,752 ordinary shares in the period from August 23 to 27, 2021.

What was the weighted average purchase price per share during the repurchase program?

The weighted average purchase price per share during the repurchase program was EUR 36.6684.

What is the total expenditure for the share buyback program announced by STM?

The total expenditure for the share buyback program was approximately EUR 5,821,186.99.

How many treasury shares does STMicroelectronics hold after the buyback?

After the buyback, STMicroelectronics holds 8,593,227 treasury shares, which is about 0.9% of its issued share capital.

What is the purpose of the common share repurchase program by STM?

The purpose of the common share repurchase program is to enhance shareholder value and optimize the company's capital structure.